Planning your business exit: Pinpoint the perfect time to retire
Why is it important to consider the timing of your exit?
It can be difficult to understand when the best time is to consider the sale of your company, especially as it plays such a vital role in your everyday life. But one of the most rewarding parts of being a business owner is that you are in control of your own retirement plans.
As the UK’s No.1 mid-market company sales adviser (source: LSEG), we have vast experience in assisting business owners by sourcing the ideal buyer and generating maximum value – ensuring our clients can enjoy the retirement they so richly deserve.
We appreciate the importance of deciding to sell your company and retire, whilst simultaneously guaranteeing you benefit most from your years of hard work and dedication.
Here are five considerations that could indicate it is time to sell your company and move forward with your retirement plans:
- Your business has achieved its maximum value
The first clear indication that the right time has arrived to sell is that your business has reached its peak value. This year, we have seen valuations across multiple sectors at an all-time high, with many business owners confident their profitability has increased in 2024. Clearly a highly profitable business is one that is attractive to potential buyers, meaning it could be the perfect time to consider your exit strategy.
- You want to clarify your succession plans
Another consideration is a lack of clear succession plans. A way to enable further growth is to pursue a synergistic buyer. This will allow for the continuation of the business whilst enabling you to follow other interests.
- You have noticed shifts in the industry landscape
A retirement sale may become an attractive prospect due to changes in the industry landscape. There is no denying there have been a variety of changes to how businesses operate in recent times, whether that is the increase in home working or the increasing role of AI. Now could be the best time to pursue a sale to ensure future financial security.
- You are prepared to transition into retirement
Perhaps the most obvious sign that it is time to sell your business is that you are personally ready to retire. This could be a desire for more time with the family, travelling, or simply a more relaxed lifestyle without the rigours and responsibilities of running a company.
- You are seeking to ensure financial security for the future
The last sign is that you have been considering your future financial security. Selling your business now offers the chance to secure financial security for retirement, protect your wealth from inflation and market volatility, and diversify your investments for greater stability, all of which align with the goal of retiring comfortably.
Deciding to sell your business and retire is a major milestone, offering the potential for great rewards. Timing the sale can help you secure your future and preserve your legacy.
As the UK’s No.1 mid-market company sales adviser, we are here to help you navigate the process for the best possible outcome. Contact us in confidence on 0161 258 0118 or through this website to learn more.